ASSYSTEM: First-quarter 2021 consolidated revenue: up 6.1% like for like
May 04 2021 - 11:35AM
ASSYSTEM: First-quarter 2021 consolidated revenue: up 6.1% like for
like
First-quarter
2021 consolidated
revenue: up
6.1%
like for like
-
Nuclear: very strong
momentum in France and the United Kingdom
(9.0%
like-for-like
growth)
- ET&I:
satisfactory
performance in France
Paris-La
Défense, 4 May
2021,
5.35 p.m. (CEST) – Assystem S.A. (ISIN:
FR0000074148 – ASY), an international engineering group, today
released its revenue figures for the three months ended 31 March
2021 (first-quarter 2021).
Note
Since 1 January 2021, revenue generated by the
Staffing division – which was previously presented separately in
Assystem’s revenue releases – has been included in the revenue
figures for Energy Transition & Infrastructures
(ET&I). Staffing division revenue does not include, and
historically has not included, any revenue from nuclear engineering
activities.
Assystem’s consolidated revenue is therefore now
split out between “Nuclear” and “ET&I”.
However, in order to facilitate comparisons with
prior periods, revenue figures for the Staffing division will be
referred to on an ancillary basis in Assystem’s revenue releases
published during 2021.
In addition, the Group’s segment information
(particularly relating to EBITA) will henceforth be separated out
into information related to operational activities, presented in a
segment called “Assystem Operations”, and information related to
holding activities, presented in a segment called “Holding
company”.
First-quarter
2021 consolidated
revenueand year-on-year changes (unaudited)
In € millions |
Q1 2020 |
Q1 2021 |
Total year-on-year change |
Like-for-like year-on-year change* |
Group |
122.9 |
127.9 |
+4.1% |
+6.1% |
Nuclear |
74.5 |
81.8 |
+9.8% |
+9.0% |
ET&I** |
46.6 |
46.1 |
-1.1% |
+1.7% |
Other*** |
1.8 |
- |
- |
- |
|
|
|
|
|
* Based on a comparable scope of consolidation
and constant exchange rates. ** Including Staffing revenue
amounting to €10.9 million in Q1 2020 and €9.7 million in Q1
2021.*** The business corresponding to the “Other” segment has been
deconsolidated since 1 July 2020.
Consolidated revenue totalled €127.9
million in the first quarter of 2021, up 4.1% year on
year. Like-for-like growth came to 6.1%, changes in the
scope of consolidation had a negative 0.4% impact (relating to the
sale of Eurosyn, which was previously classified under “Other”, and
the consolidation from 1 June 2020 of the UK-based company CRA),
and the currency effect was a negative 1.6% (primarily due to the
depreciation against the euro of the US dollar and currencies
pegged to the US dollar).
NUCLEAR
Revenue from Nuclear activities rose 9.8% to
€81.8 million (representing 64% of total consolidated revenue) from
€74.5 million in the first quarter of 2020. Like-for-like growth
was 9.0%, changes in the scope of consolidation had a 1.7% positive
impact (corresponding to the consolidation from 1 June 2020 of CRA)
and the currency effect was a negative 0.9%.
Business momentum was very robust in the United
Kingdom and in France, where there was also a favourable basis of
comparison due to the impact that the Covid-19 pandemic had on
revenue as from mid-March 2020. In the Middle East, however,
despite the upturn in revenue generated on the KA.CARE contract in
Saudi Arabia, overall revenue contracted year on year as there was
a steep decline in the revenue recorded in the United Arab Emirates
under the ENEC contract, which is in its final stages.
ENERGY TRANSITION
& INFRASTRUCTURES
(ET&I)
ET&I revenue edged down 1.1% to €46.1
million in first-quarter 2021, with like-for-like growth of 1.7%
and a 2.8% negative currency effect. This business is showing
satisfactory revenue growth in France, particularly in the defence
sector and for project management and systems integration clients.
Staffing revenue was once again affected by border closures and
unfavourable exchange rates.
PLANNED ACQUISITION
OF STUP CONSULTANTS
PRIVATE LIMITED
In early March 2021, Assystem signed an
agreement to acquire 99% of the share capital of the Indian
engineering company, STUP Consultants Private Limited(1), subject
to the usual conditions precedent for this type of transaction
being met. However, due to the current Covid-19 situation in India,
the May 2021 target will probably not be met.
2021 FINANCIAL
CALENDAR
- 27 May:
Annual General Meeting
- 29 July:
First-half 2021 revenue release
- 15 September:
First-half 2021 results
release- Presentation meeting on 16 September at 8.30 a.m.
(CEST)
- 28 October :
Third-quarter 2021
revenue release
ABOUT
ASSYSTEMAssystem is an international
engineering group. As a key participant in the industry for over 50
years, the Group supports its clients in managing their capital
expenditure throughout their asset life cycles. Assystem S.A. is
listed on Euronext Paris. For more information please visit
www.assystem.com Follow Assystem on Twitter: @Assystem
CONTACTS
Philippe
Chevallier CFO & Deputy CEOTel.: +33 (0)1 41 25 28
07Anne-Charlotte
DagornCommunications
Directoracdagorn@assystem.comTel.: +33 (0)6 83 03 70 29 |
Agnès
VilleretInvestor relations -
Komodoagnes.villeret@agence-komodo.comTel.: +33 (0)6 83 28 04
15 |
(1) See press release published on 8
March 2021.
Assystem (EU:ASY)
Historical Stock Chart
From Feb 2024 to Mar 2024
Assystem (EU:ASY)
Historical Stock Chart
From Mar 2023 to Mar 2024